Karachi May 20 2022: The Monetary Policy Committee of SBP will meet on Monday, May 23, 2022 at SBP Karachi to decide about the Monetary Policy.
Spread of KIBOR and policy rate has widened to 2.41% as of today 20th May 2022 and inflation reading for the month of April was 13.34% while the policy rate was set at 12.25% by MPC in its previous meeting.
Around 44% of the respondents in a survey conducted by CFA Society Pakistan expects an increase of 100 basis points while 43% of the respondents expects more than 100 basis points increase in policy rate. Only 10% expects no change in interest rates while 3% expect a rate cut.
Later on, SBP will issue the Monetary Policy Statement through a press release on the same day.
